XML 40 R25.htm IDEA: XBRL DOCUMENT v3.24.2

Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases

Summary of lease income

The following table includes information regarding contractual lease payments for the Company’s operating leases for which it is the lessor, for the three and six months ended June 30, 2024 and 2023 (presented in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

​

June 30, 2024

June 30, 2023

June 30, 2024

​

June 30, 2023

​

Total lease payments

​

$

157,223

​

$

135,691

​

$

312,086

​

$

267,842

​

Less: Operating cost reimbursements, termination income and percentage rents

​

18,505

​

14,731

​

36,506

​

31,122

​

Total non-variable lease payments

​

$

138,718

​

$

120,960

​

$

275,580

​

$

236,720

​

Summary of lease income to be received

At June 30, 2024, future non-variable lease payments to be received from the Company’s operating leases for the remainder of 2024, the following four years, and thereafter are as follows (presented in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2024

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ending December 31,

(remaining)

​

2025

2026

2027

2028

Thereafter

Total

Future non-variable lease payments

​

$

292,962

​

$

583,818

$

565,274

$

538,389

$

501,420

​

$

2,494,421

$

4,976,284

Summary of lease costs

The following tables include information on the Company’s land leases for which it is the lessee, for the three and six months ended June 30, 2024 and 2023. (presented in thousands)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

​

​

Six Months Ended

​

June 30, 2024

​

June 30, 2023

​

​

June 30, 2024

June 30, 2023

Operating leases:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating cash outflows

​

$

299

​

​

$

299

​

​

​

$

598

​

​

$

598

​

Weighted-average remaining lease term - operating leases (years)

​

​

29.9

​

​

​

33.4

​

​

​

​

29.9

​

​

​

33.4

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Finance leases:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating cash outflows

​

$

62

​

​

$

63

​

​

​

$

124

​

​

$

126

​

Financing cash outflows

​

$

22

​

​

$

21

​

​

​

$

43

​

​

$

42

​

Weighted-average remaining lease term - finance leases (years)

​

​

0.3

​

​

​

1.3

​

​

​

​

0.3

​

​

​

1.3

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Supplemental Disclosure:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Right-of-use assets obtained in exchange for new lease liabilities

​

$

365

​

​

$

—

​

​

​

$

365

​

​

$

—

​

Summary of maturity analysis of lease liabilities for operating land leases

The following is a maturity analysis of lease liabilities for operating land leases as of June 30, 2024 for the remainder of 2024 and the following four years. (presented in thousands)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2024

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ending December 31,

(remaining)

​

2025

2026

2027

2028

Thereafter

Total

Lease payments

​

$

598

​

$

1,216

$

1,215

$

1,062

$

1,034

​

$

28,760

$

33,885

Imputed interest

​

(343)

​

​

(692)

​

(670)

​

(650)

​

(633)

​

(13,840)

​

(16,828)

Total lease liabilities

​

$

255

​

$

524

$

545

$

412

$

401

​

$

14,920

$

17,057

Summary of maturity analysis of lease liabilities for finance land leases

The following is a maturity analysis of lease liabilities for finance land leases as of June 30, 2024 for the remainder of 2024 and the following four years. (presented in thousands)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2024

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ending December 31,

(remaining)

​

2025

2026

2027

2028

Thereafter

Total

Lease payments

​

$

6,084

​

$

—

$

—

$

—

​

$

—

​

$

—

$

6,084

Imputed interest

​

(82)

​

​

—

​

—

​

—

​

​

—

​

​

—

​

(82)

Total lease liabilities

​

$

6,002

​

$

—

$

—

$

—

$

—

​

$

—

$

6,002

​

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

+ Details

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X

- References

No definition available.

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

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X

- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-12

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X

- Definition

Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A

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